1301:8-3-23
Interpretation.

The language contained in division (H)(1)(a) of section
1321.57 of the Revised Code
permits registrants to use funds received from borrowers, in amounts authorized
by law to record, file or release security interest and mortgages on a loan for
purposes either of purchasing insurance to insure the registrant against losses
for failure to record or file or creating a self-insurance fund to reimburse
the registrant against losses for failure to record or file.